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20121205
20121213
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CSPAN
Dec 12, 2012 8:00pm EST
general motors, ford, chrysler, the automobile manufacturers, since we're talking about michigan, they all made lots of money. and the workers who worked for those companies were middle class and their children went to college and became lawyers and doctors and accountants and some of them even went back to work in the factories. but now, seven days it took to crush the ability of workers to stand together financially. they'll never crush the spirit of the workers but they have used the law with no public hearings new york committee action, no regular course of action during the legislation, during the legislative session, which is a lame duck legislative session by the way, no regular order, just a sneak attack thursday morning, the sixth of november, one month after the landslide election in michigan and throughout this country, that turned back the corporate money that was arrayed against the democrats. and arrayed against president obama. it turned that back. a resounding victory on november 6, on december 6, a sneak attack while during a lame duck session with no public hearings,
CSPAN
Dec 10, 2012 8:00pm EST
, chrysler were all on the brink of failure. and if they failed, the suppliers and distributors that get their business from those companies, they would have died off, too. even ford could have gone down -- production halted. factories shuttered. once proud companies chopped up and sold off for scraps. and all of you -- the men and women who built these companies with your own hands -- would have been hung out to dry. and everybody in this community that depends on you -- restaurant owners, storekeepers, bartenders -- their livelihoods would have been at stake, too. so i wasn't about to let that happen. i placed my bet on american workers. we bet on american ingenuity. i'd make that same bet any day of the week. [applause] three and a half years later, that bet is paying off. this industry has added over a quarter of a million new jobs. assembly lines are humming again. the american auto industry is back. and companies like daimler know you're still a smart bet. they could have made their investment somewhere else, but they didn't. and if you ask them whether it was a tough call, the
CSPAN
Dec 11, 2012 1:00am EST
ford motor co. ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us
CSPAN
Dec 10, 2012 12:00pm EST
that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a government job, where you want to be like the classic econo
CSPAN
Dec 13, 2012 1:00pm EST
are going to invest money in g.m. and chrysler and we are going to not let those companies go bankrupt. ms. schakowsky: that was a lot of jobs. mr. johnson: we spent $700 billion and it was the united auto workers union that sat down at the negotiating table with big business, worked out what some may call givebacks. it actually gave up some of the benefits that it had signed contracts for with the employer. these are things that actually created the middle class. things like working days, working hours, wages, benefits, retirement. those kinds of things that people would not have had unless they had been represented by a union. and we had strong unions. so those things -- workers were -- gave back in part to make sure that the corporations could maintain or regain stability. and so now just a short three, four, five years later g.m. is back to being the number one carmaker in the world. ms. schakowsky: and all the money has been paid back to the united states treasury. mr. johnson: i think they still owe us a little bit. we still have -- we still have some of g.m. stock, the federal g
Search Results 0 to 4 of about 5